Yahoo Inc. (YHOO) Given a $52.00 Price Target by Credit Suisse Group AG Analysts
Yahoo Inc. (NASDAQ:YHOO) has been assigned a $52.00 price target by Credit Suisse Group AG in a note issued to investors on Monday. The firm presently has a a “neutral” rating on the digital content provider’s stock. Credit Suisse Group AG’s price objective suggests a potential upside of 25.48% from the stock’s previous close.
A number of other brokerages have also recently weighed in on YHOO. Bank of America Corp. reissued a “buy” rating and set a $48.00 price objective on shares of Yahoo in a report on Sunday, July 17th. Vetr lowered Yahoo from a “hold” rating to a “sell” rating and set a $41.12 price target on the stock. in a research report on Wednesday, August 24th. SunTrust Banks Inc. lowered Yahoo from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $44.00 to $42.00 in a research report on Monday, July 11th. RBC Capital Markets restated a “sector perform” rating and set a $29.00 price target on shares of Yahoo in a research report on Monday, August 1st. Finally, Royal Bank Of Canada raised their price target on Yahoo from $38.00 to $39.00 and gave the stock a “sector perform” rating in a research report on Tuesday, July 19th. Two investment analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and seventeen have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $40.84.
Shares of Yahoo (NASDAQ:YHOO) traded up 0.29% during trading on Monday, reaching $41.56. The company’s stock had a trading volume of 798,640 shares. The stock’s market cap is $39.56 billion. Yahoo has a 52-week low of $26.15 and a 52-week high of $44.92. The stock’s 50 day moving average price is $43.17 and its 200-day moving average price is $39.18.
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Yahoo (NASDAQ:YHOO) last announced its quarterly earnings data on Monday, July 18th. The digital content provider reported $0.09 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.10 by $0.01. The firm had revenue of $842 million for the quarter, compared to analysts’ expectations of $1.08 billion. Yahoo had a negative net margin of 100.08% and a positive return on equity of 0.32%. The business’s quarterly revenue was down 19.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.16 earnings per share. Equities analysts anticipate that Yahoo will post $0.49 EPS for the current year.
In related news, CRO Lisa Utzschneider sold 732 shares of the stock in a transaction that occurred on Monday, August 22nd. The stock was sold at an average price of $42.84, for a total value of $31,358.88. Following the transaction, the executive now owns 612,081 shares of the company’s stock, valued at $26,221,550.04. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 9.20% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Quadrant Capital Group LLC boosted its position in shares of Yahoo by 55.7% in the second quarter. Quadrant Capital Group LLC now owns 2,918 shares of the digital content provider’s stock valued at $100,000 after buying an additional 1,044 shares during the period. PineBridge Investments L.P. purchased a new position in shares of Yahoo during the second quarter valued at about $125,000. MCF Advisors LLC boosted its position in shares of Yahoo by 77.2% in the second quarter. MCF Advisors LLC now owns 3,993 shares of the digital content provider’s stock valued at $150,000 after buying an additional 1,740 shares during the period. Glenmede Trust Co. NA boosted its position in shares of Yahoo by 2.7% in the second quarter. Glenmede Trust Co. NA now owns 4,512 shares of the digital content provider’s stock valued at $169,000 after buying an additional 120 shares during the period. Finally, Picton Mahoney Asset Management purchased a new position in shares of Yahoo during the second quarter valued at about $199,000. 73.86% of the stock is currently owned by institutional investors.
Yahoo Company Profile
Yahoo! Inc (Yahoo), along with its subsidiaries, is engaged in digital information discovery. The Company’s segments include the Americas; Europe, Middle East and Africa (EMEA), and Asia Pacific. The Company focuses on informing, connecting and entertaining its users with its search (Yahoo search), communications, including Yahoo Mail and Yahoo Messenger, and digital content products, including Tumblr, and its four verticals, such as Yahoo News, Yahoo Sports, Yahoo Finance and Yahoo Lifestyle.
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